Explanation:

 As per Economic Survey 2017-18;
India’s investment slowdown is unusual in that it is so far relatively moderate in magnitude, long in duration, and started from a relatively high peak rate of 36 percent of GDP. Furthermore, it has a specific nature, in that it is a balance sheet-related slowdown. In other words, many companies have had to curtail their investments because their finances are stressed, as the investments they undertook during the boom have not generated enough revenues to allow them to service the debts that they have incurred.

Given the large fall in investment that India has registered, it has paid moderate costs in terms of growth. Between 2007 and 2016, rate of real per-capita GDP growth has fallen by about 2.3 percentage points—that is lower than the above 3 percent decline in growth noticed, on average, in episodes in other countries that have registered investment declines of similar magnitudes and from roughly a similar peak (about 36 percent)